How MACD Indicator can Count Elliott Wave - learning forex trading basics pdf

How MACD Indicator can Count Elliott Wave ~ learning forex trading basics pdf

Hello 

In this post I will show you how I use MACD Indicator to count Elliott Wave, this method is very useful and easy to apply, especially when the price starts moving  in a new trend. And why I say it is useful and valuable ? Because when you can predict the price movement, you would know where the price will probably head and where it will potentially stop, this helps trader with many opportunities to be profitable.

The screenshot below is the EURAUD 4H I took just now , as of May 9th 2013, you can see the price has breaked the downtrend.

Now I will zoom in a bit and explain the rules how I count the wave : 

• The peak of MACD wave is usually the 3rd wave of price in Elliott Wave Theory ( I assumed you already know the basic of Elliott Wave, if not, I will send you free ebook to learn about this, click Subscribe to be notified when it is available )
• When MACD gets close by zero, it indicates the retracement waves (wave 2 and wave 4) are completed.
• Divergence between price and MACD in the last wave usually show wave 5 is running out of fuel and it is the end of whole 1-2-3-4-5 wave.

Here is the chart how I count the Wave.

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Tremendous Result by Kishore Ms Students - top 5 forex trading books

Tremendous Result by Kishore Ms Students ~ top 5 forex trading books

Thank you for reading my blog.

It is unbelievable......

Yet it is a 100% true fact.

A whopping USD183,000 profits in just 2 months by the top student of Mr. Kishore M.

Kishore Ms student, Robby Hadiasali from Indonesia who attended Kishores Instant Fx Profits course has achieved this tremendous result in just 2 months.

Discover the strategies inside Instant Forex Profits course that has created this massiveProfits: http://instantfxprofit.brinkster.net/course.html

Many other Kishore Ms students have also achieved tremendous results. (such as USD1,000 profit every single day, USD50,000 profits within 22 trading days). View it here.

* P.S. Make this year the bestProsperous year: http://instantfxprofit.brinkster.net/course.html 

More Updates to Come...

    

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Options Trading Setup Understanding its Jargons - forex trading hourly chart

Options Trading Setup Understanding its Jargons ~ forex trading hourly chart

For starters, you have to firstly learn of the basics in trading. Included in the list of its fundamentals are the jargons which are commonly used by the traders - pro or newbie. It is a must for you to get a grasp of the meaning of those terms since you will be working in the same market. Just imagine how you will be groping for words when your fellow traders discuss things with you and you are entirely clueless as to what the other party is consistently talking about. Thus, it matters that you take things one step at a time as you think of the typical options trading setup.

Before you invest your money and concert all of your efforts just to make things work out, better start with the basics. Be sure to understand the concepts which are further used so that you can come up with the best strategies that need to be employed. Among the jargons that you have to fully understand are the derivatives, credit spreads, debit spreads, stock options, options strategies, vertical spreads, butterfly spread, and iron condor spreads.

Here are the meanings of the abovementioned jargons. By knowing what each of them means, you are opening up the doors for better opportunities. Hence, take a look at each of them.

Credit spreads.

This term applies whenever the high return option has been sold while a low return option is bought. In turn, the investor then winds up some credit via your account. Generally, the online brokers ask for approximately $100,000 in their own accounts before the investor is allowed to procure numerous credit spreads.

Derivatives.

They are held to be the security in which the price relies on one or more of the available assets. Its value is then very dependent on the assets variables.

Stock options.

They are the holders contracts in buying or selling the decided stocks following a set price before the contract finally reaches its expiration.

Debit spreads.

In this case, the investor has to put up some money in order to conduct a particular transaction. He must secure the necessary funds which will cover the foreseen debit. However, there are no further margin requirements and they are likewise very popular among the investors.

Vertical spreads.

This is a strategy in options trading that refers to the investors making a purchase and concluding the sale of two identical options that bear exactly the same expiration dates yet are given at different prices.

Options strategies.

These are the bunch of techniques being employed by the investor which are geared towards enhancing his capital.

Iron condor spread.

This one is said to be a complex process in trading option. It is by nature a credit option and therefore poses both a high risk and the frequent loss. Online brokers are again used to require that the investor comes up with a definite amount of method in their account before the transaction is initialized.

Butterfly spread.

This strategy talks about the benefits that are posed by a particular stagnant stock. Only those traders which are known to have reliable backgrounds are commonly allowed by the brokers to execute this.

Again, these are the jargons that you have to familiarize yourself with as you ponder on constructing your own options trading setup venture.

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Forex indicators and forex technical analysis - forex black book trading system

Forex indicators and forex technical analysis ~ forex black book trading system

Forex indicators predict future values of currencies based on technical analysis and statistical data s of currencies. Forex indicators are a fancy piece of technical analysis you can see visibly on the chart... Based on past currency statistics Forex indicators try to predict the future based on past currency statistics on Forex technical analysis. However forex technical analysis without forex indicators usually wins out. Theres no telling what the future holds unless you have a good forex indicator software and technical analysis chart. Ive traded with forex signals and indicators but id prefer to just do forex technical analysis on charts like above so that I know that im working better as a trader using common sense of currency values of what the future  holds(trends).

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5 Tips On How To Trade Stock Online - forex trading 15 min chart

5 Tips On How To Trade Stock Online ~ forex trading 15 min chart

Online stock trading has created a boom in the industry of stock market. It has made everyone to enjoy the excitement and thrill of stock trading by using your computer system. It has made possible to continue trading even if you are out of town, therefore, you can have a proper check over the market scenario from any corner of the globe. 

How To Buy Stock Online

In todays fast and busy life, no one has time to visit the stock brokers or firms to gather information or to invest in their schemes. Therefore, the discovery of internet has proved to be the best tool in the stock trading which has given rise to trade stock online from the comfortable ambience of your home or office. No doubt, online stock trading is one the most acceptable method of trading but few points have to be considered while getting involved into it. 

1 - You should always search properly for a renowned and reputable company before investing in stock market as there are numerous sites over internet that deal in the business of selling and purchasing of stocks. You should go through the reviews and testimonials of the other investors those who are already in link with them and you can also visit bulleting boards to grab information about the different companies. 

There is another option of investing in the big-name stock trading companies who have their own online stock trade. You should invest in those companies, which are up to their commitments so that your invested money should not go into drains. 

2 - There are many sites which are linked to the buying and selling of stock to foreign markets whereas some are linked to the foreign and domestic markets. You should decide beforehand with which company you want to start trade so that you should not mess up the things. For example, if you are interested in domestic market but got linked with the site that deals in foreign market then it will create a problem for you. 

3 - You should always opt for the sites of stock market that are fully secured as your financial as well as personal information has to be inserted over the site in order to start the stock trade online. If the security of the site is not upto your level of satisfaction then need not to get involved as there might be the chances that your loaded information can be misused in future. 

4 - First enquire about the fee which is charged by various sites. You should always opt for the site charging less fees per trade, therefore, you should take the benefit of online trading which cannot be enjoyed in trading stock traditionally. 

5 - There should be 24 x 7 hours assistance by the online investment sites so that if there is any help required, they should always be present to assist you. 

Hence, the summary of this article is that one should survey the market before getting into online stock trading in each and every term like security, fees, companys reputation, etc. so that you should not get into the wrong hands.

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Options Trading Unearthing the Commandments and Indicators - forex quotes from trading charts

Options Trading Unearthing the Commandments and Indicators ~ forex quotes from trading charts

The popularity of the options trading market is always on top. No one can simply be active in this kind of enterprise if he is unprepared to tackle the most important things that encompass it. There are jargons, techniques, and commandments which have to be taken into consideration and be learned by heart. Most of the times, the person who makes himself ignorant is oftentimes the one who digs up his own pitfall. For you not to suffer a terrible fate, all that you have to ensure is that of abiding by what is certainly a bunch of concepts which must be inculcated into your mind.

A Brief Background

The buying and selling of options is generally considered to be one of the most attractive and then economical ways of making yourself a part of the stock market. Investments can turn out to really big profits. The shares need to be disposed of within a particular time frame or else there will be no profit at all. The seller then has the preference to wait some more until the market proves to be well enough to accommodate a good trade. What matters most is for the trader to keep track of the date of termination of those options.

A List of the Commandments and Reminders

Are you up and about to hit the options trading market? As part of the basics, you have to learn some of the very fundamental factors that will lead you towards the path to success. For starters, here are the very relevant commandments as well as reminders which you must keep in mind.

First thing on the list is that you must not let any option reach its expiration without getting credits for it. You must understand that your options have set deadlines. Prior to the stipulated expiration, you should let it go and make sure that you earn what is due you.

Second, never ever forget the expiration days of your options. As mentioned above, you need to let it profit before its expiration. Meaning to say, every second counts and you are racing against time.

Third, place enough importance on the ask price or option bid. Although you should be flexible, it still matters that you become keen to the real ask prices and bid.

Fourth, always have a set of plans. Be ready to switch your plan A with that of plan B whenever necessary. 

Fifth, never buy any option that cant sell. You know your main objective as you trade. That is, to make profits.

Sixth, dont imprison yourself in a type of market that will make it really hard for you to get your way out. There is no one but you who is going to be held responsible for your actions.

Seventh, never pass the time. Always work with the right pacing for the market to execute its own move. Meaning, you should know when to strike and when to avail of the highest value that the market is offering.

Eighth, refrain from buying options from the markets that exude higher risks especially in terms of price precariousness. 

Given these commandments and reminders about options trading, you have to program yourself towards following them. Take note that your own success highly depends on how wise your decisions will be. These are merely your guidelines. You still need to concert your effort to make things work.

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How To Become a Better Trader - forex market charts

How To Become a Better Trader ~ forex market charts

It is a well documented fact that within the “business” of trading the financial markets, as much as 90 % of the participants lose and continue to lose money. So if 90 % are losing, that therefore means that 10% are gaining each and every time.

In order to improve my own trading record, I deliberately set out to try and discover what it was I had to do to become one of the 10% (The Winners) who are consistently making money from the unfortunate remaining 90%  (The Losers) who don’t.

My research and investigations was to speak to as many successful traders as I could, to read as many articles, publications and books which have been written by successful traders. It wasn’t until I started my research, that I quickly realised just how much has been and no doubt will continue to be written about trading and the psychology of trading. What is even more astounding is the amount that has been written by so called “gurus” who actually haven’t made any significant amounts of money from a business that they are supposed to be experts in. I will tell you about some of my findings relating to these authors in future articles.

It is my intention to publish my findings in a series of articles over the next 3 months and I hope you can learn and improve your own trading from implementing the information which I release.

I personally trade the FOREX market now but I have tried trading stocks, futures, commodities and options. I will be covering the reasons for concentrating on FOREX in a later article but in the meantime let me tell you about one of my many discoveries.

Every one of the successful traders I interviewed, stressed the importance of keeping a journal of their trades. They would record the date, time, what they traded, buy or sell, price, indicators used including levels and/or figures, trends (long, medium and short) and an overall description of why they took the trade. It was also imperative that the journal entry included notes about the trade after the event. If it made money what was the criteria, and if it was a losing trade, why had it turned out to be like this and any contributing factors.

Now comes the interesting part. Everyone of them stated that they regularly reviewed their journal (some weekly and some monthly) but everyone quite categorically looked back over past trades. No doubt learning from their mistakes and to improve and repeat on their successful trades.

Trading is very disciplined  with definite rules for entering and exiting trades. These rules must be adhered to at all times and one of the rules is entering all details about the trade in the journal, making no exceptions.

I hope you will all learn something from this and if you aren’t already maintaining a record of your trades, then please start doing so from now on. Also regularly go back over your records on a regular basis. You will  see a marked improvement in your performance.

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How to choose the right Forex Broker - forex trading with renko charts

How to choose the right Forex Broker ~ forex trading with renko charts

Considering that there are many Forex brokers, it is hard to make a decision on which one to open your trading account. 

All of them have different advantages, desadvantages,weaknesses, capabilities, features.

Here you have a list that can help you decide which broker to choose for your Forex business.

1. Is the broker you want to use Regulated ? You must be sure about this first criteria. Usually, all the regulated brokers must submit financial reports to regulatory authorities. In case that they dont do it, the regulatory authorities may terminate their membership. It is a measure to keep transparent the financial reports.

There are local regulatory authorities, for every market. The US based brokers are regulated by the National Futures Association and Commodity Futures Trading Commission. The Swiss based brokers are regulated by the Swiss Federal Department of Finance and so on.

When a Forex broker is regulated, this allows investors to dispute any resolution, increasing the investor protection.

2. You must establish the trading platform and the trading conditions with the chosen broker. 

The most important factors are:

Platform execution - you must know how fast and how consistent are the execution of the trades. It should be fast and transparent executions during normal market conditions.

Spread- the smaller the spread on currency pairs the better the conditions are for investors and traders.

Safety of funds- you must be sure that your trading funds are kept in a segregated account or at least insured.

Fractional trading- you must ask your broker to allow you to trade on fractional basis. Instead of trading full 

lots , they can allow you to trade fractional lots, like "22,458 units", not "23,000 units". This is a good measure to avoid trades risking percentage of the balance on each trade.

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How to Avoid Failed Invalidated Harmonic Pattern - learning forex trading basics

How to Avoid Failed Invalidated Harmonic Pattern ~ learning forex trading basics

The Harmonic Pattern is so popular and we all agree it really works !! Many of Harmonic Trading topics are full of succesful screenshots of Patterns like Gartley, Butterfly, Bat ...etc. What about the opposite, the invalidated (also called failed) ones ? 

In fact, Harmonic Pattern success rate is only about 80%. 

Ill start posting some of failed cases and then I will show how to avoid it. Following examples present invalidated/failed patterns:

This is an emerging Bullish Gartley Pattern, deteced by one Harmonic Pattern Indicator, price was supposed to go up after the pattern is displayed... . what really happened afterward is price continuing down and the Harmonic Pattern expand its right wing and failed eventually

Here are more definitely failed pattern:

The pattern signal a short sell but price still go up

Bullish Butterfly doesnt work !!!

Thats why we have developed an extra confirmation oscillator to increase the successful ration of the pattern, it will filter out failed pattern and also reduce the number of potential trades. But as veteran traders Sive Morten has taught: "...Trader should better accept losing trading chance than losing trading capital..", I am happy to introduce it to you Super Trend Oscillator.

Come back to the very first screenshot in this post and compare the entry signal with the screenshot below, you will see how it pick the perfect bottom:

Compare this screenshot with the very first chart in this post to see how good it generate Buy Signal

Here is an overview of the whole system :

All Signals are generated consistently with the Emerging Harmonic Patterns and help you confidently enter the trade without worrying it would fail

Another successful case :

Here are our feedback of a recent Japanese Customer :

Happy recent customer !

This Super Oscillator is provided along with Harmonic Pattern Indicator for Price 27$. Instant download, no limit, no expiry !

Any question, email to lumina920 [at] nokiamail [dot] com.

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How to Get Explosive PROFITS So Quick - top ten forex trading books

How to Get Explosive PROFITS So Quick ~ top ten forex trading books

In order to quantum increase your cashflow, you must have a smart and proven strategy.

Lets Mr. Kishore M show you how by using the proven forex strategy, Pip Breakout Explosive Profits strategy: http://instantfxprofit.brinkster.net/video3.html

Who is Kishore M?

Mr. Kishore M is an international investment coach & sage of trading. He was interviewed by Bloomberg, Channel News Asia & BBC. For more than 10 years, Mr. Kishore M has trained over 100,000++ students around the world, including professionals from AMEX, Deutsche Bank, HSBC, REFCO and Citibank. He was also interviewed by global media like BBC, Channel News Asia & Bloomberg. (In my next post, I will give you a compilation of his achievements & global media interview videos)

What is Pip Breakout Explosive Profits

It is a PROVEN & profitable forex trading strategy by Mr. Kishore M.

This strategy aims at generating 350% ROI (Return On Investment) in a SINGLE trade.

Detailed strategy application and explanation is here: http://instantfxprofit.brinkster.net/video3.html

Lets this short & simple post benefit you the most.

* P.S. How to explode your daily cashflow with a systematic strategy.

   

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BANK TRADER REVEALS BREAKOUT STRATEGY - forex currency trading basics

BANK TRADER REVEALS BREAKOUT STRATEGY ~ forex currency trading basics

Hello traders,

Today I would like to show you a technique that is valid for all currency pairs and all time frames (my group in the bank tend to use it mostly on the Daily and Weekly charts to avoid market choppy noise). The name of this strategy is the Breakout, Congestion and Continuation pattern, and it’s a high probability setup given the right circumstances. If you master this technique, you could achieve a 75% to 80% win/loss ratio!

The key concepts are the universal pattern of any currency pair : continuation pattern after a strong momentum breakouts of key Support / Resistance levels, using candlestick formation made by 3 consecutive candles.

Search for the pattern only upon the breakout of a significant horizontal level of support / resistance 

The pattern : You must see a solid breakout candle breaking through the Support / Resistance level

Dont trade if you get "shaky" breakout candles

Trade only when you see one small candle beyond the support / resistance level, then place your stop orders as shown below

Close 50% of the trade at the close of the first continuation candle, then move stoploss to break even.

Finally, close remaining 50% of the trade at the close of the second continuation candle.

There is 75%-80% winning ratio if you follow this strategy. Good luck !

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HOW I TELL I AM LOSING MY ADVANTAGE - forex trading bangla book pdf

HOW I TELL I AM LOSING MY ADVANTAGE ~ forex trading bangla book pdf

When trading the 1 min time frame it is essential for You to be able to recognize when You have lost Your trading advantage.

These are ways that I can tell that I no longer have the advantage that I believed that I did:

If price moves above/below the previous candle even though it may not close there, I dont have the advantage.

A good trade should run in your favor almost immediately !

If you are not in a decent profit in 7-10 mins , then You may want to consider getting out with a tiny profit or at break even, because chances are high that price is going reverse on You.

Wacky MAs- Pay attention to the order of Your MAs, it is very important, they will tell You if You are in a good trade or trade hell. If your moving averages are 1, 2, 3, 4, 5, then they should be in order 5, 4, 3, 2, 1, or 1, 2, 3, 4, 5, not 4, 2, 3, 1, 5.

Lastly a flat 50 period strongly suggest that You may not have the advantage that You thought.

YOU CAN DO THIS (^_^)

Get 10 Trading Lessons FREE

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Marketclub 2-Week Free Trial
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The best Forex trading strategies for beginners forex day trading strategies that work - forex trading training books

The best Forex trading strategies for beginners forex day trading strategies that work ~ forex trading training books

The best forex trading strategy is usually the easiest one for beginners. Looking at the chart above is a candle pattern chart for currency trading and is highly preferred chart for trading. You will see downtrends and uptrend. The goal is to do the complete opposite of what losers in the market do. One thing I noticed is that the chart is categorized into two trading methods,, long term and short term. you can make money with both long term and short term. However when I see a currency on the chart the lowest value in a burrow down there buy when the currency is the lowest in value at the red burrow. If the currency goes up just a little bit u have made alot of money already. Logically when the currency is lowest in value u can make the most money when it goes up. So buy when the currency is lowest in value at a red burrow and then set to trade when it goes up in value. A stupid trader sells when currency goes down. never sell for a loss and hold the money as long as you can for profit. A smart trader buys when a currency is at its weakest value of lows then waits and holds the money for a sell to profit. Lesson learned is that if you wait long enough you ll never have to sell for a loss ever again
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How To Incorporate Price Action In Forex Trading System - forex trading chart reading

How To Incorporate Price Action In Forex Trading System ~ forex trading chart reading

There is no unified or centrally cleared market for the majority of Forex trades. 

There are rather a number of interconnected market places, where different currencies instruments are traded. 

This implies that there is not a single exchange rate but rather a number of different rates (prices), depending on what bank or market maker is trading, and where it is. 

Trading the Forex market has become very popular in the last few years.

But how difficult is it to achieve success in the Forex trading arena? 

Or let me rephrase this question, how many traders achieve consistent profitable results trading the Forex market? 

Unfortunately very few, only 5% of traders achieve this goal. 

One of the main reasons of this is because Forex traders focus in the wrong information to make their trading decisions and totally forget about the most important factor, the price behavior.

In practice the rates are often very close, otherwise they could be exploited by arbitrageurs instantaneously. 

Fluctuations in exchange rates are usually caused by actual monetary flows as well as by expectations of changes in monetary flows caused by changes in gross domestic product (GDP) growth, inflation (purchasing power parity theory), interest rates (interest rate parity, Domestic Fisher effect, International Fisher effect), budget and trade deficits or surpluses, large cross-border MA deals and other macroeconomic conditions. 

Most Forex trading systems are made of technical indicators (a moving average (MA) crossover, overbought/oversold conditions in an oscillator, etc.) 

But what are technical indicators? They are just a series of data points plotted in a chart. 

These points are derived from a mathematical formula applied to the price of any given currency pair. 

In other words, it is a chart of price plotted in a different way that helps us see other aspects of price.

Major news is released publicly, often on scheduled dates, so many people have access to the same news at the same time. 

There is an important implication on this definition of technical indicators. 

The fact that the readings obtained from them are based on price action. 

Take for instance a long MA crossover signal, the price has gone up enough to make the short period MA 

crossover, the long period MA generating a long signal. 

Most traders see it as "the MA crossover made the price go up," but it happened the other way around, the MA crossover signal occurred because the price went up. 

Where Im trying to get here is that at the end, price behavior dictates how an indicator will act, and this should be taken into consideration on any trading decision made.

Trading decisions based on technical indicators without taking price action into consideration will give us less accurate results. 

For example, again a long signal generated by a MA crossover as the market approaches an important resistance level. 

If the price suddenly starts to bounce back off that important level there is no point on taking this signal, price action is telling us the market doesnt want to go up. 

Most of the time, under this circumstances, the market will continue to fall down, disregarding the MA crossover.

Dont get us wrong here, technical indicators are a very important aspect of trading. 

They help us see certain conditions that are otherwise difficult to see by watching pure price action. 

But when it comes to pull the trigger, price action incorporation into our Forex trading system will definitely put the odds in our favor, it will generate higher probability trades.

So, how to create a perfect Forex trading system?

First of all, you need to make sure your trading system fits your trading personality; otherwise you will find it hard to follow it. 

Every trader has different needs and goals, thus there is no system that perfectly fits all traders. 

You need to make your own research on various trading styles and technical indicators until you find a concept that perfectly works for you. 

Make sure you know the nature of whatever technical indicator used.

Secondly, incorporate price action into your system. 

So you only take long signals if the price behavior tells you the market wants to go up, and short signals if the market gives you indication that it will go down.

Third, and most importantly, you need to have the discipline to follow your Forex trading system rigorously. 

Try it first on a demo account, then move on to a small account and finally when feeling comfortably and being consistent profitable apply your system in a regular account.

The description above is the hard way to achieve goals as a forex trader.

There is an easy way also. Try a new, revolutionary software,which can make your life eaiser and can guarantee your profit.

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Foreign Exchange Markets What You Need To Know - forex trading 5 min chart

Foreign Exchange Markets What You Need To Know ~ forex trading 5 min chart

The foreign exchange markets are situated all around the world. Currency trading is a global activity. Every country in the world uses money and needs to change that money into other currencies in order to trade or interact with other nations. 

Currency exchange happens at every level of society. As an individual, you may have changed money when traveling on business or on vacaation. Or maybe you have sold something on eBay to somebody in another country. Their payment comes in to your account in their own currency, and the bank or other payment processor such as PayPal changes it for you. That is currency exchange at the root level.

Foreign exchange or forex trading has a different purpose, however. When you are trading on the foreign exchange markets you are not buying another currency because you need it. You are buying it in the hope that it will rise in value, so you can change it back and end up with more money than you started out with. 

Of course, it is risky. The price movement could go against you and then you would end up with less money instead of more. So you will want to gather plenty of information about currency trading before you start.

Forex trading began in the 1970s when the major currencies were deregulated so that their values were no longer fixed. The banks and large investors quickly saw the potential for making money from the changing prices. 

The main forex marketplaces are the big financial centers of the world. London sees the highest activity with New York second and Tokyo third. Other major players are Sydney, Zurich and Frankfurt. 

Originally you had to be in one of those places to trade money, or at least have a telephone connection with a broker who was there. It was very difficult for somebody who was not on the spot to act fast enough to react to the sudden fluctuations in price that can happen in the forex markets.

But modern advances in technology have changed all of that. Since the rise of the internet it has been possible to trade on your own account from anywhere. This means that it has become easier and easier for the little guy to get a piece of the action. 

While some people never think about foreign currency from one overseas trip to the next, others are studying charts and financial information or even using automated software in the form of forex robots to make money from the rising and falling prices with the aim of becoming financially free by trading on the foreign exchange markets. 

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Some hidden forecasts and training from Carlos Diaz - forex trader scams

Some hidden forecasts and training from Carlos Diaz ~ forex trader scams

Below I am going to post some forecasts made by Carlos to show you what a typical trading situation with Foresightfx can be like.

Watch this video first:


Watch this video Second:


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What is Forex Trading and how does it work - forex trading telugu books

What is Forex Trading and how does it work ~ forex trading telugu books

Forex Trading A.K.A foreign currency trading is currency trading like the stock market. For example as worldwide currencies go up and down in value they can be traded to make profit. Typically the currencies are traded in pairs toward each other like gbp to usd. I bught gbp when gbp was very low in value and then i sold the gbps when they went up in value and made alot of us dollars doing so. This was one of my first trades. Preferably you can get started in the currency trading game right away when you have a broker. A broker is an online account that lets you trade currencies in the Forex market 24/7. Most brokers let u have a demo account to practice trading. My favorite way to trade is using charts.


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THE 3 Cs TO SUCCESSFUL TRADING - advanced forex trading books

THE 3 Cs TO SUCCESSFUL TRADING ~ advanced forex trading books

Confidence

Consistency

Cut

Develop a system that You have confidence in and trade it boldly! Have confidence to ride winning trades until your rules say exit.

Be consistent with Your trading rules even when it hurts. Discipline in the market is what makes a long term successful trader.

Cut bad trades quickly! Always have a cutting point when You know that You no longer have the advantage. All long term successful traders use a Stop losses! Traders who refuse to cut bad trades go broke

It is better to ride the price train than to be hit by it **

YOU CAN DO THIS (^_^)!

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EVERY BROKE TRADER DOES IT THE SAME WAY - forex trading basics book

EVERY BROKE TRADER DOES IT THE SAME WAY ~ forex trading basics book

Every trader who ever goes broke does it the same way.

I have heard it said that Traders go broke because they are under capitalized, that isnt true. If You can lose $100.00, you can lose $1,000,000.00. The problem is the same in both traders, the refusal to let go of losses. The difference between the pro and the amateur isnt necessarily his/her trading ability. Trading is easy!

The difference is in how he/she takes a loss. A disciplined pro will say, " I will stop the bleeding here if I am wrong." The amateur says, " I am right and eventually the market will come back in my favor." If You are thinking that, You have lost Your advantage.

While a pro will let 10 profitable trade kill 1 loss, an amateur will let one loss eat the profits of ten profitable trades. Both traders had the same number of trades but one will end the month in profit and the other will end the month in stress and pain.
Cutting a loss quickly soon ends your attachment to that trade and allows You to pursue a more profitable trade set-up. Part of the reason it is so hard to cut a trade is because You waited forever for that trade set-up and now You not only have to admit that You did not have the advantage that You thought that You did, but now You have to start the process all over again and with a loss.

DONT MARRY ANY POSITION; THE MARKET CAN CHANGE IN AN INSTANT!!!!!!!!
IT IS ESSENTIAL THAT YOU HAVE AN EXIT STRATEGY (ONE THAT WILL CAUSE YOU THE LEAST AMOUNT OF PAIN)IF THINGS DONT GO AS YOU PLAN!

ANY TRADE CAN TURN INTO A LOSS!

If You play this game long enough, You will eventually meet with disappointment. It happens, cut and move on. The market will give You another chance to make profit.

Never allow yourself to become wounded beyond repair in the market, either financially or emotionally. Cutting a loss means that You love Yourself enough to save yourself.

If You are going to win at this game, You have to have the capital to play and cutting trades that have lost the edge is one way to thrive here.

Gotta learn to save yourself! If You are getting stopped out frequently, You have gotta to rethink your strategy because something is wrong.

Free Your mind to find good trade set-ups by cutting trades that are not working in your favor. Holding on to diseased trades only punishes You and eventually it can break You

The biggest discipline that a great trader learns is how to cut a loss

YOU CAN DO THIS (^_^)

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How to Subscribe Trading Signals MetaTrader4 and MetaTrader5 - forex trading basics instaforex

How to Subscribe Trading Signals MetaTrader4 and MetaTrader5 ~ forex trading basics instaforex

"Signals" in MetaTrader 5 trading platform allow traders to connect to any signal issued by providers. Select and subscribe to any trading signals provider to copy all his or her deals on your account.

The reliability of all signal providers is carefully checked to provide maximum security. All signals will work only in demo mode within a month. However, you already can master them by subscribing to one of the Expert Advisors participating in the Automated Trading Championship 2012. Please keep in mind that automatic copying of performed deals is possible only when your trading terminal is active (connected to the trade server). 
So, how to become an investor?

1. Open a real or a demo trading account on MetaTrader 5. "Signals" can work with both account types. Download MetaTrader 5 and open an account. 
2. Open an account on MQL5.com. 
3. Go to the client terminal Settings and specify your login and password from your MQL5.com account. 

4. Select a suitable signal in the trading terminal and subscribe to it. Subscription to a signals source will be set with standard parameters: the current day will be set as a start date and duration will be set to 1 month.

5. Go to the client terminal Settings and check two options in the "Signals" tab: Agree to the terms of use signal service and Enable realtime signal subscription.

6. All is set! From now on, all trading operations performed by the selected signals provider will be automatically copied in your MetaTrader 5 terminal.

You can subscribe to a signal not only from your terminal but also via MQL5.com website. To do this, select a necessary trading signal from the list and click "Subscribe". Select subscription period (weekly or monthly) and a start date. Specify a brokers name (the list of all appropriate names will be shown when you start typing the first symbols) and your login (trading account number) to copy trading deals to. 
Monitoring of Trading Signals on MQL5.com displays trading results of all proposed providers. The choice can be made based on the success of trading operations performed by different signal providers. All providers are carefully checked for reliability and allowed to offer their signals only after they successfully pass the test period. 
To subscribe to a paid signals source, your account should have sufficient funds to cove subscriptioer thn fee. All payments are made in the mql5.com internal Payment System. Find more information in the "Rules of Using the "Signals" Service".
You can manage your subscriptions via "My Subscriptions" section. Go to the section, select and subscribe to the most suitable signal and try it!

SUBSCRIBE TO SIGNALS NOW

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